TERMINATOR’S CREDIT RATING TERMINATED

Three companies belonging to Derek Anderson and Victor Kubicek, owners of the “Terminator” franchise rights and producers of May’s “Terminator Salvation,” have filed for bankruptcy […] Those owed the most money include a number of top industry law firms such as Greenberg Traurig ($437,618.61); Glaser, Weil, Fink, Jacobs, Howard, & Shapiro ($120,672.89) and O’Melveny & Myers ($96,565.86). They also owe $25,000 to C2 Pictures, the production company controlled by previous “Terminator” owners Mario Kassar and Andrew Vajna. In addition, one British individual [Orlando Wood] is owed $3.5 million. There is no reason given for any of the debts. The three companies each list estimated assets and liabilities totaling between $10 million and $50 million. [The LA Times]

According to several people familiar with their “Terminator Salvation” deal, Anderson and Kubicek will earn the greater of $5 million or 5% of the movie’s revenues as producers.

Prior to Terminator Salvation the pair had produced one direct-to-DVD comedy, Cook-Off! starring Diedrich Bader and Louie Anderson. How Derek Anderson and Kubicek managed to score franchise rights to Terminator is a very long story that can be summed up like this:

People close to the matter said the director [McG] received $6 million and Bale $8 million and both are guaranteed a percentage of gross ticket sales. They added that Halcyon also made a $10-million deal with McG to direct another sequel, and that Bale is on board for two more films, for which he’ll make about $15 million and $20 million, respectively.

Yep. The guy Bill Murray headbutted got $6 million but a “longtime acquaintance” of the producers who gave them $3.5 million of his own money still hasn’t been paid back. Hooray for Hollywood.

O’Melveny is a real name? It sounds like something Land Shark would make up to gain access into your appartment.

By: Stone Soup

08.25.2009 @ 1:12 PM

Do you know how hard it is for a naked man with a red, glowing eye to get credit?

By: Oski

08.25.2009 @ 1:23 PM

I hope Orlando Wood is some grizzled old British Gangster like in Guy Ritchie movies.

Orlando: You’ve been very bad boys, my sons.
Anderson&Kubicek: But it’s not our fault….
Orlando: One at a time boys, where’s your manners?
Anderson: I mean, everybody loved the trailer, naturally we thought it’d be a massive hit.
Kubicek: So we kind of spent lots of money anticipating we’d make heaps more.
Orlando: Tsk tsk tsk my sons, I thought you’d know better than that. That’s the problem with the new school, using credit like a lil’ boy who can’t stop wankin’.
Anderson&Kubicek: We’re sorry Mr. Wood, we’ll get you the money.
Orlando: Oh this I know, because if you don’t bring me my money plus interest in 48 hours, I’ll kill ya and feed ya to some sort of animal that isn’t a pig or a crawfish that will dispose of your bodies even though crawfish probably can’t eat bones and that was sort of a plot hole.